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3 years ago

7

Sales for the last four months of the year for a company are listed below. What is the average of the sales for these four month

s?
September $9,560
October $ 10,450
November $ 8,930
December $ 9,220

This is for Penn Foster, Business Math, Part 01

2 answers:

RoseWind [281]3 years ago

8 0

So I just took the test nd I got it right it so the answer is<span> A. $9,540<span> </span><span> </span><span> </span> <span> </span></span>

vovikov84 [41]3 years ago

6 0

December i think, pretty sure i guess

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In September 2009 a U.S. investor chooses to invest $500,000 in German equity securities at a then current spot rate of $1.30/eu

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Answer:

1. Refer to Instruction, how many euros will the U.S. investor acquire with his initial $500,000 investment?

D) €384,615

$500,000 / $1.30 = €384,615.38

2. Refer to Instruction, at an average price of €60/share, how many shares of stock will the investor be able to purchase?

B) 6410 shares

€384,615 / €60 = 6,410.25

3. Refer to Instruction, at the end of the year the investor sells his stock that now has an average price per share of €57. What is the investor's average rate of return before converting the stock back into dollars?

C) -5.0%

(€57 - €60) / €60 = -5%

4. Refer to Instruction, at the end of the year the investor sells his stock that now has an average price per share of €57. What is the investor's average rate of return after converting the stock back into dollars?

A) -1.35%

[(6,410 x €57) + €15] x $1.35 = $493,269.75

($493,269.75 - $500,000) / $500,000 = -1.35%

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3 years ago

Consider some determinants of the price elasticity of demand: The availability of close substitutes Product's share of the consu

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The main factors influencing a commodity's price elasticity of demand are as follows: 1. The presence of substitutes 2. The sum of consumer spending 3. The Products' Complementarity.

The main factors influencing a commodity's price elasticity of demand are as follows: 1. The presence of substitutes 2. The sum of consumer spending 3. A product's number of applications 4. The Products' Complementarity 5. Time and elasticity. The most important factor influencing price elasticity of demand is the availability of diverse kinds and quantities of substitutes for a particular commodity or service. If a commodity has close substitutes, its demand is probably elastic. The demand for such an item will be greatly diminished if its price rises because consumers will switch to similar substitutes.

With increasing substitutability, something's price elasticity of demand rises.

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1 year ago

Below are transactions for Hurricane Company during 2021. a. On October 1, 2021, Hurricane lends $7,200 to another company. The

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Answer:

ACCOUNT

interest expense 144 debit

interest payable 144 credit

rent expense 1200 debit

prepaid expense 1200 credit

unearned revenue 4600 debit

rent revenue 4600 credit

depreciation expense 3700 debit

acc dep machine 3700 credit

salaries expense 3200 debit

salaries payable 3200 credit

supplies expense 2600 debit

supplies 2600 credit

Explanation:

Interest is calculate doing:

principal x rate x time

7,200 x 0.08 x 3/12 = 144

rent

1,800 for 3 months there is 2 expired 1,800 x 2/3 = 1,200

earned revenue on rent

11,040 x 5 monhts / 12 = 4,600

supplies:

beginning + purchase - ending = consumed supplies

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3 years ago

Due to ____, market forces should realign the relationship between the interest rate differential of two currencies and the forw

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Taxed market forces are destroying the industries

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4 years ago

Coronado Company received proceeds of $209000 on 10-year, 5% bonds issued on January 1, 2016. The bonds had a face value of $220

Aleksandr [31]

Answer:

Coronado Company

The amount of gain or loss that Coronado would report on its 2018 income statement is:

= $13,200.

Explanation:

a) Data and Calculations:

Bonds proceeds = $209,000

Bonds face value = 220,000

Bonds Discounts = $11,000

Period of bonds = 10 years

Straight-line amortization = $1,100 annually

Interest payment = annually

Coupon rate rate = 5%

Fair value on January 1, 2017 = $210,100 ($209,000 + $1,100)

Fair value on January 1, 2018 = $211,200 ($210,100 + $1,100)

Call price = 102

Total call value (cash payment) = $224,400 ($220,000 * 102/100)

Loss to report on its 2018 income statement = $13,200 ($224,400 - $209,000 - $2,200)

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3 years ago